Gracie Point Announces Close of Successful Capital Raise to Fund Continued Expansion

Whats Happening:

Gracie Point Holdings, LLC, a global provider of life insurance premium finance, has successfully closed an equity capital raise. The funding round was led by Searchlight Capital Partners and HSCM Bermuda. This marks Gracie Point's fifth successful capital raise since its inception, demonstrating continued investor confidence in the fund's growth potential.

Key Moves:

• Gracie Point closes equity capital raise led by Searchlight Capital and HSCM Bermuda

• Funding to strengthen Gracie Point's balance sheet and fuel growth

• Partnership brings capital and industry expertise to support Gracie Point's market expansion

By The Numbers:

• This is Gracie Point's 5th successful capital raise since inception

• Searchlight Capital has over $16 billion in assets under management

• Gracie Point has offices in New York, Toronto, and Hong Kong

Key Quotes:

• "We are delighted to welcome Searchlight, a leading private equity investment firm, into our group of investors," said Harish Raghavan, CEO of Gracie Point.

• "We believe Gracie Point can unlock that capability and be the first mover into a very significant, and deep asset-backed market globally," commented Andrew Frey, Partner at Searchlight Capital.

• "We believe Gracie Point can be a partner to the industry as the industry re-thinks its core offerings to their end consumers," stated Vikas Singhal, Partner at HSCM Bermuda.

Bottom Line:

Gracie Point's successful capital raise, backed by prominent investors like Searchlight Capital and HSCM Bermuda, positions the fund for significant growth in the life insurance premium finance market. This investment not only strengthens Gracie Point's financial position but also brings valuable industry expertise to support its expansion plans and market leadership in a potentially large, untapped asset-backed market.

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